Cash Basis vs Accrual Basis

Cash vs. Accrual Method. This video gives you a quick and easy explanation and example of the difference between cash basis vs accrual basis. The accrual method is a bit more complex but gives you a more realistic view of the actual performance and seasonality of your business.

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🕰️Timestamps:
0:00: Intro
0:20: Cash Method
2:45: Insurance
3:55: Prepaid Expense
5:27: Bonus Tips

💡✔️Helpful Resources

Want to learn more tips on accrual vs cash accounting? Check out these videos: Cash vs  Accrual Accounting Explained and Accrual and Cash Basis Accounting - C...

Cash Basis vs Accrual Basis

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